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In the investment arena, Mr. Schulz started investing in stocks when he was in the 6th grade and through today he remains very active in the securities markets, including online trading. The markets are constantly changing, even more so in the last few years, and Mr. Schulz is on top of all of these changes. Because Mr. Schulz is active in investing, he maintains his expertise in these areas separate and apart from his research and work as a securities expert. Other experts have not been active in the securities markets for many years. Investments and the securities markets have been a part of Mr. Schulz's entire professional and personal life and remain so to this day.
As a professional, Mr. Schulz has been in the securities industry for over 30 years. Even time spent outside of the securities industry has been in the legal and investigative arena. Mr. Schulz's Administration of Justice degree from American University was somewhere between a criminology degree and a pre-law degree. Some of his earlier career jobs such as a special investigator for the State of New Mexico and for a large food chain were in the investigative arena. Starting as early as 1989 Mr. Schulz has been conducting due diligence and investment related research and investigation for various financial institutions and banks. This education and experience, combined with Mr. Schulz's many years of being very actively involved in the securities litigation market, makes for an appealing background in this area.
Invest securities consulting Inc. offers numerous services relating to investments such as investment fraud, mutual fund and hedge fund mismanagement and malfeasance, investment advisor and stockbroker violations and disputes, improper sales of limited partnerships and private placements, self-dealing and front running by investment management, inadequate due diligence by investment advisers and fund managers, malignment of publicly traded companies, portfolio and fund management comparison and analysis, due diligence and investigation of fund managers/hedge funds/stockbrokers and investment advisors, and breach of securities regulations and industry norms, compliance and supervisory violations and lapses.
The following briefly describes the three investment related services that Invest Securities Consulting offers, followed by the qualifications and work experience of Mr. Schulz.
ARBITRATION & LITIGATION
Mr. Schulz is a securities consultant and expert witness working for both claimants and the brokerage industry. He has testified regularly as an expert in federal and state courts, as well as in arbitrations before the National Association of Securities Dealers (NASD/FINRA), the New York Stock Exchange (NYSE), and the American Arbitration Association (AAA). He was an NASD and NYSE Arbitrator. Mr. Schulz has been retained in over 1,100 cases on rules, laws and regulations of the securities industry; norms and guidelines of brokerage firms; suitability of investments and investment strategies; order execution; evaluation of various investments; damage theories; supervision and compliance. Mr. Schulz has testified over 600 times and assisted in cases that have resulted in arbitration awards or settlements totaling over $349 million dollars, including several significant punitive damage awards.
Mr. Schulz's research in preparation for arbitration includes analysis of investments sold to customers, assessment of investment suitability, and determination as to what securities rules and regulations have been violated. His involvement in the discovery process includes drafting discovery requests and testifying in preliminary hearings concerning requested documents. Also, Mr. Schulz is an aid in arbitrator selection and case preparation. Additionally, Mr. Schulz assists in securities mediation.
DUE DILIGENCE & INVESTMENT/BACKGROUND INVESTIGATION
Since 1989, Mr. Schulz has been conducting due diligence and investigative services for the brokerage industry, investment banking industry, venture capitalist, hedge funds, mutual funds, registered investment advisors and individual investors. His work and research culminated in a 2011 article written on the subject of due diligence, which is in the article section of this website. Securities fraud is as rampant as it has ever been, and those individuals and entities that think the Securities Exchange Commission is going to uncover and rectify this wrongdoing are doing themselves and their investors and injustice. The 2000s produced securities fraud and Ponzi schemers in abundance and, in many cases, operating right under the noses of the securities regulators. Invest Securities Consulting Inc. offers various services to help investors ferret out not just wrongdoing but potential wrongdoing, which is at the heart of proper due diligence.
PORTOFOLIO AND INVESTMENT EVALUATION
Invest Securities Consulting, Inc. was a Registered Investment Advisory firm (RIA) during the 90s and early 2000s, licensed with the SEC and later with various state regulatory bodies. As President of Invest Mr. Schulz managed money for high net worth individuals on a discretionary basis. Though Invest is no longer an RIA, it still offers investment and portfolio evaluations.
Instead of making investment recommendations and decisions, Mr. Schulz now does portfolio analysis that is specifically tailored to the needs and the interest of the investor. He evaluates portfolios or specific investments on such issues as conflicts of interest, comparative performance and results, fees and hidden costs, risk-reward evaluation, inappropriate or unsuitable investments, concentration analysis, and risky trading patterns or investment strategies. Mr. Schulz also analyzes investments, investment strategies, and performance results and performs due diligence and investigations for merchant bankers, investment bankers, and the brokerage industry.
What investors don't need is another talking head predicting and guessing what the next best investment will be. In Mr. Schulz's first book, Brokerage Fraud: What Wall Street Doesn't Want You to Know, and in his upcoming sequel to the book, he has illustrated his ability to help investors without making investment recommendations. There is so much more to portfolio management than the timeliest investments. It is in these other areas that Invest Securities Consulting Inc. offers its portfolio/investment services.
Click here to view and print Mr. Schulz's resume, or review Mr. Schulz's experience and qualifications below:
MONEY MANAGEMENT
Mr. Schulz's company Invest is based in Westcliffe, Colorado. Mr. Schulz, President, was a Registered Investment Advisor (RIA). He was previously licensed with the Securities and Exchange Commission (SEC) and was licensed in various states as an RIA. In this capacity, he offered professional money management and financial or portfolio investment advice. Mr. Schulz also analyzes investments, investment strategies, and performance results and performs due diligence and investigations for merchant bankers, investment bankers, and the brokerage industry.
OTHER INVESTMENT EXPERIENCE
Mr. Schulz assisted the New York U.S. Attorney General's office and the SEC in connection with their investigation of Prudential Securities' nationwide securities fraud involving the sale of limited partnerships to investors from 1980 through 1992.
In 1988, Mr. Schulz joined Johnson Trading, an introducing brokerage firm, as a partner and operations manager. His duties included operational management of commodity hedging and trading in agricultural and cattle markets. He also was responsible for new business development, marketing, training, staff hiring and payroll. Mr. Schulz left the company to enter his current line of work of securities consulting.
From 1983 to 1988, Mr. Schulz was a Vice-President with Bear Stearns in its Dallas, Texas office. As a broker, Mr. Schulz specialized in stock trading, option strategies, risk arbitrage, commodities, and fund management. He was an active trader and one of the top producers in an office of 40 brokers.
Mr. Schulz worked for Merrill Lynch in the Dallas, Texas branch, where he participated in a five-month extensive training program. Mr. Schulz ranked third in a nationwide class of 149 Merrill Lynch brokers after one year in production. He was voted "Rookie of the Year" in 1982 and was a guest lecturer in the New York Training Department. As a registered representative, Mr. Schulz's business consisted of trading in stocks, bonds, and options, along with marketing the full range of investments offered by Merrill Lynch. He also worked closely with Corporate Financial Services and Retirement Services.
Mr. Schulz entered the securities industry in 1981. He first worked for Investors Diversified Services (IDS), where he received extensive training. He was a licensed agent in life insurance, variable annuities, and mutual funds. His duties included cold calling, prospecting, financial planning, and selling various mutual funds and life insurance products.
LICENSES, COMPLIANCE & ARBITRATOR TRAINING
| FINRA/NASD |
CRCP Certified Regulatory Compliance Professional
NASD - Wharton School of Business (current) |
| NASD |
General Securities Principal (Series 24) |
| MULTI-STATE |
RIA Registered Investment Advisor |
| SEC |
RIA Registered Investment Advisor |
| CME & CBOT |
General Commodities (Series 3) |
| NASD |
General Securities Representative (Series 7) |
| NASD |
Multi-State Registered Securities Representative (Series 63) |
| NASD |
Investment Company Contracts (Series 6) |
| TEXAS |
Life and Disability Licensed Agent |
| TEXAS |
Variable Annuities and Life Insurance Licensed |
| TEXAS |
Accounting Fraud Training 1989 Austin |
| TEXAS |
1993 NASD Arbitrator Training |
| COLORADO |
1997 NASD Arbitrator Training |
| COLORADO |
1999 NASD Arbitrator Chairperson Training |
EDUCATION
Mr. Schulz has a Bachelor of Science in the Administration of Justice from American University in Washington D. C., where he graduated Magna Cum Laude in 1975. He is a member of Phi Kappa Phi Honor Society.
PUBLICATIONS / SPEECHES
"Due Diligence – Securities Applications and Regulatory Requirements 2011" PIABA Bar Journal, Volume 17 No. 4 2010/2011
"How Securities Experts Work with Compliance Professionals and Securities Regulators"
Ten Years of CRCPs – Career Success and Advancement, Wharton Business School, Philadelphia, PA, November 2010
"The Use of Securities Experts in Litigation and Damage Calculations" Cornell Law School, Ithaca, NY, October 2009
"Unauthorized Trading & Mismarking Order Tickets – How Regulators Can Detect These Violations", NASAA Winter Enforcement Conference; La Quinta, CA January 2005
"How Delaware Securities Investigators Can Spot Special Violations at the Branch Level", Delaware Department of Justice Securities Division; Wilmington, DE March 2005
"How Investors Can Spot Abuses in Their Brokerage Accounts", 2005 Delaware Investor Education Conference Keynote Address, Wilmington, DE March 2005
"Auditing Brokerage Branch offices – Red Flags, Supervision and Securities Violations" Slide show and presentation to the NASD Enforcement Department – Investor Protection, January 2004 Washington D.C. This was a lecture for the training department for NASD investigators.
"Cross Examining Expert Witnesses in Securities Arbitrations" PIABA Annual Conference, Carlsbad California September 2005
"How a Branch Office Manager Can Fail to Supervise His Branch Properly", California Mid-Year Securities Arbitration Update - PIABA, Los Angeles, CA March 2005
Brokerage Fraud – What Wall Street Doesn't Want You To Know, co-author, Dearborn Trade, 2002. The book addresses the rules and regulations of the securities industry and puts them in layman's terms for the investing public. The book covers such subjects as the top abuses in the industry, the regulators, how to choose a stockbroker and how investors can navigate the investment markets.
"Flat Fees or Fat Fees" Practicing Law Institute (PLI) Securities Arbitration 2004; PIABA Bar Journal Fall 2003 The article discusses flat fee and wrap fee accounts of brokerages and why many times they are not in the best interest of investors.
"Margin Abuses & Concentration – The Failure to Diversify", Publication and Presentation at the Mass Torts Made Perfect Securities Litigation Conference, Chicago IL, June 2003
"How to Keep Yourself out of Arbitration" Presentation to the Colorado Springs Merrill Lynch Branch office 2002
"Concentration – Too Much of a Good Thing" PIABA Bar Journal Vol. 9 No.2 Summer 2002 Co-author. The article discusses the various issues surrounding concentration within a portfolio and lack of diversification of investments by stockbrokers.
"How to Get the Most Out of Your Brokerage Account" – Presentation to the American Board of Trial Advocates, Mauna Kea Beach Hotel, Hawaii, November, 2001.
"Unauthorized Trading, Time and Price Discretion & the Mismarking of Order Tickets" Practising Law Institute (PLI) Securities Arbitration 2001, Publication and Presentation at seminar August 2001. The article addresses the regulations governing these three areas and how regulators, compliance individuals, lawyers, and arbitration panels can determine if violations have taken place. The article also suggests changes which are needed in the regulation of these infractions.
"No Duty – Does Suitability Apply to Internet Brokerage Firms?" Publication and Presentation at Public Investor's Arbitration Bar Association, PIABA October 2000. The article address the position of Internet firms that they have no duties as it relates to "suitability" and the "Know Your Customer Rule". E*Trade is discussed specifically.
"Internet Market Orders Can be Dangerous" Published in The Colorado Springs Business Journal August 1999. The article discusses market and limit orders in volatile markets.
"Problems with Internet Trading" Published in The Colorado Springs Business Journal June 1999. The article discusses many of the problems investors have trading with on-line brokerage firms.
"How Internet Trading Might Affect Your Business" Published in Practitioners Publishing Company's Financial Advisory Services Bulletin, February 2000. The article discusses the nuances of the Internet trading markets and how they will affect the business of money managers and investment advisors.
"Internet Trading - Take a Walk on the Wild Side". Published in PLI's Securities Arbitration 1999. The article addresses the booming market in Internet trading and the pitfalls and conflicts in trading at on-line brokerage firms, as well as the liability.
"The New NASD Arbitrator Selection System - NLSS". Published in the Securities Arbitration Commentator, April 1999 Volume 10-6. The NLSS was a major change in the NASD arbitrator selection system. The article explains some of the finer points of NLSS and discusses the strategies, benefits and downsides of the new system.
"Risk Tolerance of Investors". Published in Guide to Investment Advisory Services, Practitioners Publishing Company, 1999. (6 volume training manuals) Evaluating the risk tolerance of an investor is an essential part of an investment advisor's practice. This training section of the manuals provides a framework to allow advisors to conquer such a historically complex task, and thereby make proper recommendations to their clients.
"Investors Level of Knowledge". Published in Guide to Investment Advisory Services, Practitioners Publishing Company, 1999. (6 volume training manuals) This training section and the survey are tools designed to assist investment advisors to evaluate the investment knowledge of their clients.
"When Is An Order An Order? Unauthorized Trading by Securities Brokers". Published in PLI's Securities Arbitration July 1994, 1994. The article covers the discussions that must take place between a broker and the client, the order process, discretionary trading, and the arbitration of unauthorized trading claims.
"Damages in Limited Partnership Cases". Published and presented at the PIABA Second Annual Meeting/Conference, October 1993. The article discusses the proper methods to calculate damages and lost opportunities, as well as the accompanying support documents.
"Arbitration of Limited Partnership Cases". Published in the Securities Arbitration Commentator, February 1992. The article addresses the marketing of limited partnerships in the 1980s and the arbitration of securities claims.
"The Use of Expert Witnesses in Securities Arbitration". Published in Securities Arbitration- Evaluation, Preparation, Presentation, April 1992. Mr. Schulz has also spoken on this subject at a number of national and regional securities seminars.
"Forced Arbitration - Perfect Justice? Discovery in Arbitration". Published in the Securities Arbitration Commentator, November 1990. The article explores the problems attendant to discovery in arbitration and offers suggestions for change and for working within the system.
"Your Broker" Mr. Schulz co-authored a monthly article on the investment and brokerage industry for the The Colorado Springs Business Journal.
QUOTED IN:
Wall Street Journal (6), American Lawyer, Money Magazine (2), Newsweek, Forbes, New York Times (4), BusinessWeek (3), Kiplinger's Personal Finance (2), Dow Jones, Chicago Tribune, USA Today (2), Registered Representative, Complinet, The Boston Globe Investment Advisor, Financial Times (London), Institutional Investor (2), Boardroom Inc., Medical Economics Journal (2), Sun-Sentinel, Times Record News, Dallas Business Journal, Dallas Morning News, Tampa Tribune, St. Petersburg Times, Colorado Springs Business Journal, The Denver Post (3), The Charlotte Business Journal, Philadelphia Inquirer, Upside, World Money Laundering Report (2) Richmond Business Journal, Rocky Mountain News, Bloomberg News, The Oregonian, AAII Journal, Florida Today, The Charlotte Observer, Lawyers Weekly USA, On Wall Street
APPEARED OR HEARD ON:
CNNFN "The Money Gang"; WNYW-TV FOX "Good Day New York; KTVK-TV "Good Morning Arizona"; KFNN-AM Phoenix; WEBFNTV "Ask the Experts"; KNX-AM (CBS) Los Angeles; Yahoo Finance Webcast; New York 1 Cable "Fortune Business Report" KUOW-FM Seattle, WSAR-AM Providence; WEIM-AM & WBIX-AM Boston; WABJ-AM Toledo; KBEM-FM Minneapolis; WPTT-AM Pittsburgh; WXRC & WIRC Charlotte; WFTL & WORL Miami; KWIP & WEVL Poughkeepsie; KCMN-FM Colorado Springs, Powernomics Syndicated Radio; WMTR-AM "Your New Jersey Connection" KFAB-AM Omaha; KKTV Colorado Springs; KRDO Colorado Springs; CBS-WBBM Chicago "Noon Business Hour"
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© Invest Securities Consulting, Inc.
Last Updated: September 2011 |
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